FlexShopper Correlations

FPAYDelisted Stock

USD 0.0001 0.00 0.00%

The correlation of FlexShopper is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

FlexShopper Correlation With Market

Pay attention - limited upside

The correlation between FlexShopper and DJI is -0.71 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShopper and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against FlexShopper Stock

0.93	SNPHF	Santen Pharmaceutical	Pair Corr
0.81	MZDAF	Mazda Motor Earnings Call This Week	Pair Corr
0.81	MRK	Merck Company Aggressive Push	Pair Corr
0.8	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.73	BKKPF	Bangkok Bank Public	Pair Corr
0.59	CAT	Caterpillar	Pair Corr
0.56	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.55	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.46	BAC	Bank of America Aggressive Push	Pair Corr
0.45	OPHLF	Ono Pharmaceutical	Pair Corr
0.45	INTC	Intel Aggressive Push	Pair Corr
0.38	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	MWG	GLXG	IPDN	ASTC	IVDA	UGRO	CDTG	SKK	CVR	PWDY
MWG		0.03	0.19	0.27	0.16	0.56	0.04	-0.21	0.01	-0.32	MWG
GLXG	0.03		0.87	-0.25	0.25	0.26	0.83	0.46	-0.89	-0.6	GLXG
IPDN	0.19	0.87		-0.11	0.29	0.54	0.81	0.3	-0.79	-0.69	IPDN
ASTC	0.27	-0.25	-0.11		0.35	0.42	-0.08	-0.19	0.51	0.25	ASTC
IVDA	0.16	0.25	0.29	0.35		0.35	0.23	0.24	-0.15	-0.32	IVDA
UGRO	0.56	0.26	0.54	0.42	0.35		0.46	-0.13	-0.12	-0.57	UGRO
CDTG	0.04	0.83	0.81	-0.08	0.23	0.46		0.46	-0.64	-0.53	CDTG
SKK	-0.21	0.46	0.3	-0.19	0.24	-0.13	0.46		-0.36	-0.07	SKK
CVR	0.01	-0.89	-0.79	0.51	-0.15	-0.12	-0.64	-0.36		0.68	CVR
PWDY	-0.32	-0.6	-0.69	0.25	-0.32	-0.57	-0.53	-0.07	0.68		PWDY
	MWG	GLXG	IPDN	ASTC	IVDA	UGRO	CDTG	SKK	CVR	PWDY

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IPDN	+ 0.87	GLXG
CDTG	+ 0.83	GLXG
CDTG	+ 0.81	IPDN
PWDY	+ 0.68	CVR
UGRO	+ 0.56	MWG
UGRO	+ 0.54	IPDN

High negative correlations

CVR	- 0.89	GLXG
CVR	- 0.79	IPDN
PWDY	- 0.69	IPDN
CVR	- 0.64	CDTG
PWDY	- 0.6	GLXG
PWDY	- 0.57	UGRO

Risk-Adjusted Indicators

There is a big difference between FlexShopper Stock performing well and FlexShopper Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze FlexShopper's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MWG	4.04	(0.19)	0.00	(0.02)	0.00	0.00	8.57	(8.70)	60.59
GLXG	5.77	(0.82)	0.00	1.34	0.00	0.00	12.50	(14.81)	53.25
IPDN	4.51	(1.11)	0.00	(1.60)	0.00	0.00	7.83	(11.28)	28.74
ASTC	3.35	(0.23)	0.00	(0.49)	0.00	0.00	6.67	(8.71)	25.08
IVDA	7.17	(1.16)	0.00	(0.35)	0.00	0.00	16.67	(15.22)	74.33
UGRO	6.13	(1.17)	0.00	(0.53)	0.00	0.00	9.09	(15.79)	56.25
CDTG	5.92	(0.84)	0.00	(0.60)	0.00	0.00	14.71	(16.67)	48.33
SKK	3.32	(0.33)	0.00	(0.19)	0.00	0.00	7.14	(6.06)	29.17
CVR	3.09	0.60	0.18	0.92	2.79	(3.83)	6.82	(3.94)	21.37
PWDY	5.29	1.01	0.13	2.25	4.88	(8.65)	16.67	(8.33)	38.86

FlexShopper Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with FlexShopper stock to make a market-neutral strategy. Peer analysis of FlexShopper could also be used in its relative valuation, which is a method of valuing FlexShopper by comparing valuation metrics with similar companies.

Multi Ways Holdings Galaxy Payroll Group Professional Diversity Network Astrotech Corp Iveda Solutions Urban Gro CDT Environmental Technology PROSHARES ULTRASHORT RUSSELL Chicago Rivet Machine Powerdyne International American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

FlexShopper Corporate Management

Richard House	Chief Officer	Profile
Ravi Radhakrishnan	Chief Risk Officer	Profile
Matthew Doheny	Chief Officer	Profile
John Davis	Chief Officer	Profile
Heiser CFA	Chief Officer	Profile
Carlos Sanchez	Investor Officer	Profile
Frank Matasavage	Controller	Profile

Still Interested in FlexShopper?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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